Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
ANDERSON MICHAEL J
   2. Issuer Name and Ticker or Trading Symbol
ANDERSONS INC [ANDE] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and CEO
(Last)
(First)
(Middle)
480 W DUSSEL DR		 3. Date of Earliest Transaction (Month/Day/Year)
11/28/2006
(Street)

MAUMEE, OH 43537		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
COMMON STOCK 11/28/2006   M   5,000 A $ 4.4375 190,623.473 D  
COMMON STOCK 11/28/2006   F   1,948 D $ 40.57 188,675.473 D  
COMMON STOCK               103,092 I Mrs. Carol H. Anderson-spouse
COMMON STOCK               14,814 I Colin J. Anderson, UGMA

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
STOCK OPTION $ 4.4375 11/28/2006   M     5,000 01/01/1998 01/01/2008 COMMON STOCK 5,000 $ 4.4375 5,142 D  
PERFORMANCE SHARE UNIT $ 0 (1)             12/31/2007 01/01/2008 COMMON STOCK 0 (1)   10,080 D  
PERFORMANCE SHARE UNIT $ 0 (2)             12/31/2008 01/01/2009 COMMON STOCK 0 (2)   7,420 D  
SOSAR $ 39.115             04/01/2009 04/01/2011 COMMON STOCK 44,000   44,000 D  
STOCK OPTION $ 5             01/01/2002 01/01/2012 COMMON STOCK 20,000   20,000 D  
STOCK OPTION $ 6.35             01/01/2003 01/01/2008 COMMON STOCK 70,000   70,000 D  
STOCK OPTION $ 7.9835             01/01/2004 01/01/2009 COMMON STOCK 67,000   67,000 D  
STOCK OPTION $ 15.5             04/01/2005 03/31/2010 COMMON STOCK 60,000   60,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ANDERSON MICHAEL J
480 W DUSSEL DR
MAUMEE, OH 43537		   X     President and CEO  

Signatures

 Michael J. Anderson   11/28/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Stock Performance Unit granted pursuant to The Andersons, Inc. Plan. Units vest 100% in 3 years contingent on cumulative EPS from 1/1/2005 to 12/31/2007. Number of underlying shares are determined by the three-year cumulative fully diluted EPS for the performance period.
(2) Stock Performance Unit granted pursuant to The Andersons, Inc. Plan. Units vest 100% in 3 years contingent on cumulative EPS from 1/1/2006 to 12/31/2008. Number of underlying shares are determined by the three-year cumulative fully diluted EPS for the performance period.

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